Encana strengthens its position in the Montney

April 3, 2018 0 Comments
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Encana’s new agreement with Keyera gives them the added capacity to develop Montney interests. The end result will be added capacity at an efficient cost which bodes well for the long term performance of Encana in the Montney. This is a huge stride towards Encana’s goal of doubling liquid production in the area by the end of 2018.

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Alberta waffling on methane regulations

December 19, 2017 0 Comments

How well do you know Canada's Energy Industry?

Alberta is losing any competitive advantage in the race to develop clean energy. Not being decisive on methane emissions is a step in the wrong direction. Click here to read more:

Canadian oil and gas prides itself in leading the industry in many areas but methane reduction is not one of them. Six US states already have strong regulations in place and producers that are committing to a goal of zero emissions. We cannot claim to be energy leaders when the evidence is to the contrary.

Statoil already sold its oilsands assets due to pressure to supply cleaner energy. We do not need to push investment out of the province when the industry is still fragile in many areas.

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Alberta producers lead Canada in managing assets.

October 27, 2017 0 Comments

How well do you know Canada's Energy Industry?The oil and gas industry in Alberta takes it on the chin again.  While producers are facing bankruptcy and the federal government is handing cheques out to everybody outside Alberta it seems they can’t catch a break.  The Alberta regulator is light years ahead of their neighboring provinces when it comes to getting a handle on inactive oil and gas assets yet they don’t get any good press for leading the way.  Learn more: http://www.cbc.ca/1.4108164

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Alberta oilpatch pollution

October 24, 2017 0 Comments

Canadian Oil & Gas

The Alberta oilpatch may have to double methane reduction strategies to meet its target of a 45% reduction. Currently only venting and flaring are required to be measured which is not accounting for a large percentage of total methane entering the atmosphere.

Recently studies were completed where oil producing regions were flown over to determine methane release. The fly overs also measured ethane to eliminate cattle methane production from their findings. In Lloydminster specifically the methane measured was almost 4 times the reported amounts from industry. Other areas were more accurate with Red Deers actual emissions being roughly equal to the reported totals.

If methane can be captured there is potential to generate 1.6 Billion of saleable gas but the cost for producers to meet regulatory drafts may be 3.3 Billion.

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The focus on safety is alive and well at Surface Solutions!

August 24, 2017 1 Comments

Surface Solutions is proud to share our recognition as a 10 year member of ISNetworld. We take safety seriously and have done since our beginnings almost 20 years ago.

When considering an optimization/regulatory/completions partner don’t accept any less. If corners are cut on safety where does it stop. Be it training, equipment quality or reporting Surface Solutions strives to lead the industry.

 

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Orphan wells in Alberta

April 25, 2017 0 Comments

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The case of Lexin draws attention to the AER’s handling of orphan wells in Alberta. Alberta may be exposed to up to $300 Billion in liabilities to clean up inactive wells. Producers claim the regulator is protecting large producers at the expense of small companies. This favoritism is not the best way to manage inactive wells in the province.

Smith and Robins represent one of the landowners, who have flocked to Alberta's surface rights board, to ask companies like Lexin to pay rent for using their land to mine oil and gas and try to force it clean these places.

Lexin is the largest and most irresponsible company to speak of for its poor performance. It is due to the growing problem of the contamination of abandoned, orphaned and inactive wells and finally, external entities to pay for those damages, that is to say , Taxpayers through public bodies or the entire oil industry that exists in the province of Alberta.

The AER has made a sum of liabilities for damages that have so far reached the amount of $ 30.5 billion; a source linked to the industry for being a former employee of the same indicates that the overall total could reach $ 300 billion.

Producers claim the regulator is protecting large producers at the expense of small companies. This favoritism is not the best way to manage inactive wells in the province: Click here to read more:

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AER shows its teeth over orphan wells

February 22, 2017 1 Comments

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Now more than ever the Alberta’s Energy Regulator (AER) is showing producers will not bully it. Ultimately they expect the responsible management of our resources and the associated equipment As Albertan’s we should cautiously applaud proper resource development with an eye on the economy.

The AER announced the suspension of 1,380 wells Lexin Resources Ltd, along with its facilities and pipelines, as this company announced that they could not continue to maintain acid wells, these emanate acid gas containing the deadly hydrogen sulfide.

Since last summer the AER has been talking about this issue with producer Lexin and issued an environmental protection order to prevent this company from complying only with the parameters it wants.

The law caused the company to change its sweet gas acid wells south of the city which makes this a minor concern. Lexin owes more than $ 70 million in security deposits for its end-of- life obligations, according to the AER.

In addition to suspending licenses, the environmental protection order issued to the company and an affiliated entity: LR Processing Ltd., requires them to address environmental concerns at its Mazeppa sour gas plant. The AER has taken a strong stand in this case and conducted 276 inspections of Lexin facilities last year.

As part of the AER action, the Orphan Well Association has assumed the "care and custody" of Lexin wells and services for the time being. The critical reaction of the Alberta energy regulator makes it possible to protect not only the environment but also the economy and lives of people living in nearby cities.

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Watch Grande Prairie in 2017

January 6, 2017 0 Comments

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Grande Prairie figures to have a much stronger 2017, and it’s not just locals saying it. Among the energy rebound, the Montney play looks to be very active and competitive this year. It is also economical enough to compete on the international stage.

The world oil price this 2017 is very likely to stabilize and have a rise, at the same time enters into this equation electric cars that could make unbalance the balance of this non-renewable natural resource. Peter Tertzakian, Executive Director of ARC Energy Research Institute in an interview with the Calgary Eyeopener, said he expects OPEC to maintain its plans to cut global oil production to get a low rise in prices per barrel by the end of this year.

Also, it is quite optimistic about the oil-rich Montney area which is located in northwestern Alberta and occupies 130,000 square kilometers of North America. Another real factor that determines the Montney is that the cost of production is much lower which makes all the products extracted from these deposits is a direct competition with the United States, which in past decades was a high consumer and in the current Moments has become a great competitor.

The entry into the game of the US executive is a factor to be taken into account in the sense that its policies are aimed at maintaining its production and increasing its capacity of competition. In that sense, Tertzakian said literally “It is a call to be more efficient and make sure we do not lose the discipline that our producers have imprinted in the course of the last years.” Click here to read more:

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Alberta offers $500 Million incentive

December 6, 2016 0 Comments

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Alberta is providing $500 million in incentives to encourage petrochemical projects in Alberta. Pembina sees these types of incentives as crucial to keep investment in Alberta and not south of the border.

Ultimately these petrochemical projects will provide jobs for upwards of 240 people in Alberta. Given all the negativity it is refreshing to see the government make real efforts to help the province. The government is providing $ 500 million in incentives to two planned petrochemical projects, paid for three years after they begin operations.

In return, they will create more than 240 full-time jobs, along with several thousand temporary jobs and indirect jobs. Different companies are investing 5 billion dollars in Alberta which translates into jobs for men and women of this locality.

This program is based on the selection of companies that will receive 500 million dollars in royalties from the province in exchange for building two petrochemical plants. Both projects to develop the petrochemical industry in Alberta would create some 3,700 to 4,200  jobs during the primary phase of construction. It means that traders and skilled workers such as welders will have bread to take home after a sharp recession Economic development.

These two initiatives carried out by Pembina Pipeline Corp, and Inter Pipeline will become the first industries to produce polypropylene in Canada. Also, the production costs in the province are small compared to those of other localities, so the proposal is interesting and attractive for these investors.

Thanks to low-priced propane gas, these petrochemical developments have a lot of future in Alberta.

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Lower oil discoveries should help supply

September 11, 2016 0 Comments

Oil discoveries are at a lower level than has been seen in fifty years. It should help with the demand/price levels that we have been seeing. It should be another factor in climbing back out of the rut we’ve been experiencing.

Explorers in 2015 discovered only about a tenth of the oil they have annually on average since 1960. Due to falling oil prices globally, oil companies have reduced their exploration budget for new oil fields to ridiculous levels. In 2015, only 2,700 million barrels were discovered, the lowest amount since 1947. It is a context that draws much attention since the US energy information management indicates that demand for crude will grow by 2026 to 105.3 million barrels per day.
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In future years this fall in the investment of explorations of new deposits will be felt, by 2025 this effect of scarcity will be felt, producers will be able to replace a little more than one of every 20 barrels consumed this year. Global spending on exploration, from seismic surveys to actual drilling, has been cut to $ 40 billion this year, from about $ 100 billion in 2014.

The result is lower drilling, despite the fact that the market crash has reduced the cost of operations. There were 209 wells drilled through August this year, down 680 in 2015 and 1,167 in 2014.

This situation will naturally increase oil prices in the years to come, especially beyond 2025. Given current levels of industry-wide investment and declining rates in existing fields, a significant supply gap could open for 2040.

If demand won’t improve this reduction in supply could be just what we need. Click here to read more:

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